Description
International Market Scope: Import Export Code supports you so as to take your business to the international marketplace. Not just that, it will rise your returns as well as development.
Validity for Entire Life Time: IEC Registration is an enduring record that is valid for the entire lifetime. You need not go via any process of bringing up-to-date, filing, and renewal of IEC as it would be not be required.
No Annual Upkeep: Once you get the IEC Code, there will not be any obligation of yearly maintenance fee. It does not involve any upkeep fee in any fiscal year for filing or renewal of the code.
Diminishes the Threat of Illegal Transportation : IEC assists you to get freed from any kind of illegal transportation or deceitful imports and exports. IEC registering is a central registration that supports the officials to oversee and achieve the transaction in an improved way which is carried out as a part of cross border business.
No need to File a Return for IEC: You don’t require to file any IEC Return once you are through with Import Export Code registration. Post the allotment of the Import Export License, further follow-up processes are not essential.
Hassle-Free Availing of Benefit of Govt. Schemes : IEC Code provides a huge benefit for Import Export business. An IEC registered business unit would be competent to gain benefits or subsidies acknowledged by the Customs, Export Promotion Council and other numerous consultants. After filing a Letter of Undertaking under GST, the exporters are not necessary to reimburse taxes to make exports. If the exports are carried out by payment of taxes, the exporter can entitle for refunds of the paid tax amount.
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